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we got with clinton. >> that's what we got with clinton. he took spending from 21% to 18%. we had an economic boom. milton friedman was right. that's why the gop should get wise and label this an economic growth measure. dan mitchell, thank you very, very, very, very much. now, folks, another question. does welfare really help the poor? we're going whole hog tonight. we got a blockbuster new report that shows welfare actually hurts the poor. that's next up. and later, did you see this? it's a massive meteor strike in russia, leaving hundreds injured. scientists say the impact was similar to a nuclear blast. we're going to have the latest on that. please don't forget, free market capitalism, not welfarism, is the best path to prosperity. it is ladies' night on "the kudlow report." and i know in their hearts they are all free market capitalists. i'm kudlow. we'll be back. ♪ oh, yes it's ladies' night ♪ oh, what a night ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the purs
scenarios. it's just federal agencies playing politics. we cut spending under clinton and reagan and we did it after world war ii. we did it under calvin coolidge. in every case it was pro growth and private prosperity. let's get the job done asap. our cnbc contributors have some thoughts of their own. i want to talk about mr. costa, i want to go to mr. costa first. i want to hear about this big sequester news the president on the phone with john boehner and mitch mcconnell. i didn't even know he had their numbers. what's going on here. >> the relations between capitol hill republicans and president have been quite icy for the past few months but the president called mitch mcconnell and john boehner but according to my inside sources those calls were unproductive. impasse about the sequester continues. >> no deal? >> no deal happening. republicans don't say to the president we're not going to raise taxes regardless of the kind of political pressure you put on us and the scare tactics you have about the potential job losses. >> will we see last minute negotiating? >> i think so. it will go r
, being a democrat, one of my favorite democrats is bill clinton. what did bill clinton do working with republicans? cut spending. what did the economy do when bill clinton worked with the republicans to cut spending? the economy boomed. that's your model. >> but it's the sequester, which means you that can't cut spending smartly. it's just across-the-board random cuts. i'm for cuts. i'm one that will agree that we do have to cut spending. but we've got to do it in a balanced way. we've got to cut spending. i don't think anyone will argue that. we cut spending before in the budget control act. we cut some spending. but we do believe it's got to be done in a balanced way, that we cut spending because the ultimate goal is to have a balanced budget. cut spending and find more revenue, collect it together. >> i knew the r word was coming. >> absolutely. >> i knew the r word was coming. it was coming up here. bob costa, let me just ask you. i'm looking at the late posting on the "new york times" website. democrats press gop to start talks to avert budget crisis. this is with six days to
back to 19%. bill clinton, like the calvin coolidge. >> i think while it's bad for everybody, i think it's worse potential for the republicans. poll after poll, if you look at the full picture, it showed a majority of americans believe it's the republicans not willing to come to the table and make a deal, a. b, they like this concept of the balanced approach the president has been talking about. what are they hearing now as he head toward this magic day? the president saying let's try to make a deal, can we do something smaller? whether you agree with it, i'm saying the politics is the president seems to be in the position of trying to get a deal where the republicans are say we can't do everything. >> the president is trying to get a tax hide without any spending cuts. >> haz absolutely incorrect. he said he would do both. >> i have told by the majority leader the tax increases are real, the spending cuts aren't. he offered two bills that passed the house. >> all on domestic spending. >> you have to cut spending. >> all on domestic -- so you think there's no bloat in the military spe
, limited government, stronger private sector, great for economic growth, happened during the clinton years, happened during the reagan years, happened after world war ii, it happened during the calvin coolidge '20s. >> uncle, uncle. >> the calvin coolidge '20s. >> i think your $44 billion is a legitimate number because that's t o the outlays versus the cuts which takes place over more than one year. it comes out of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that's going to be revised up. but if you think this is an economy that can take a 50-basis point whack to gdp growth, perhaps we're in a different world. >> here's the thing, let's go through this. 44 billion is t
this, frankly, but in '94 i came out when clinton and gingrich were doing their thing. frankly at the time i wanted to raise the age limit on social security and medicare recipients, and i wanted to raise it in 2010 because i figured in '94 no one would care, and that was also when the demographic thing kicked off, so it's been a long time on this issue for me. well, we're there now, and -- >> no we're at the age. >> in '94 entitlements were 50% of federal outlays, up from 28% in 1960, but to my horo under the george bush administration they went from 50 to 63, medicare "d." now at 67% of all federal outlays are entitlements. maybe put that in perspective. if you look at the actuaries out there, entitlements are scheduled to grow 700 billion in the next four years. >> 700 billion in the next four years. >> just to change in entitlements. that's as the deck gramps kick in. >> you wanted to raise the entitlement age. now they are debating this. but how much would just raising it for medicare, from 65 to 67, how much money does that get you? >> well, it depends on over what time p
clinton. we did it under reagan. we did after world war ii. in fact from a new book we did it under calvin coolidge so smaller government means less burden and better private sector but let me just break these numbers. >> hold up for just a second. you know how this works in television. let's get to phil lebeau with the tesla newspaper and come back to the conversation on sequestration. >> a wider than expected loss from tesla in the fourth quarter, loss of 65 cents a share versus the estimates on the street of 55 cents a share. revenue coming in stronger than expected, coming in at $306 million. three headlines we want to point out. first of all, the company reconfirming that it expects to produce 20,000 model-s sedans in 2013. that was the target they put out there. they are reconfirming that that will happen this year. second of all, now expect to be profitable in the first quarter of this year as opposed to late this year which was the previous guidance so expect it to be profitable soon, and finally reservations for the mold-s. this is important in terms of that demand that's out ther
on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in health care to slow the rate of growth on a per capita basis to the rate of the growth in the economy. in our opinion that takes $600 billion to do over a ten-year period. >> reporter: maria, even if erskine bowles and alan simpson are successful in that, it's not likely to be before march 1st. this is all happening in public. private negotiations are not going on it. may be, as erskine bowles and alan simpson suggested today, that we need a public backlash from the consequences of some of those sequester cuts before there's enough heat for washington to make a deal. >> deja vu again. these speeches sound more and more alike. thanks, john. mergers and acquisitions are heating up. what's the next biggie coming down the pipe? i'll speak about the nysi deal come up. >> and china's cyber attack. what america can do to ward them off and phil lebeau is test
clinton. air traffic control will exempt. air traffic control will continue as will law enforcement. tsa should continue to work. the repairs come out of the trust fund and so that is already funded. regular rank and file faa, inspectors, et cetera will be subject to furlough. but air traffic controllers are exempt. repairs are budgeted already and tsa law enforcement. i think travellers won't see it right away and some of this is a scare tactic, but that's washington. that's how washington works. >> you got that. mary scavvo thanks for being with us. >> jason has a buy rating on the stock with a hundred dollar price target. jason, you just heard mary and phil lebeau say the 787 matter could be solved and planes back in the air by early april, late march on the most optimistic time line. what does that do to boeing and its stock? >> certainly constructive for the stock. but i don't think well be fully out of woods by then. we've got to keep in mind this at least a 090-day process. for the faa to do its comprehensive review of manufacturing, assembly, and design. which is what they are do
expected to help business development for the town, dhl donated 1,500 acres of the air park to the clinton county port authority. [ticking] coming up, where the unemployable get jobs. >> we get people who are straight out of prison. we have people who are just coming out of substance abuse programs and need an opportunity to make a go of their lives. we have people who are returning to work from the welfare rolls. >> and rehab centers and probation officers know that you're a man to call. >> yes, absolutely. >> the remarkable story of the greyston bakery when 60 minutes on cnbc returns. [ticking] [ticking] >> how did a bakery in yonkers, new york, end up not only making cakes for the rich and famous but also supporting the poor and the disenfranchised? the greyston bakery is a social experiment that started more than 25 years ago with a goal of employing the chronically unemployed, getting them off the streets and back into the workforce. not only that. the profits from the bakery are used to help fund daycare centers, health clinics, and counseling services. as bob simon reported in 2004,
and washington's love affair with deregulation, an infatuation that was endorsed by president clinton at the white house and encouraged by federal reserve chairman alan greenspan. >> that was the wildest and silliest period, in many ways. now, again, that's with hindsight because the argument at the time was, "these are grownups. they're institutions with a great deal of money. government will only get in the way. fears it will be taken overseas. leave it alone." but it was a wrong-headed argument and turned out to be, of course, extraordinarily unwise. >> what role did alan greenspan play in all of this? >> well, he made clear in his public speeches and book that a libertarian drive was part of the way he looked at the world. he's a very talented man. but that didn't take us where we had to be. >> he was--another former commissioner told us, hard to argue with at that point. >> alan was most powerful man in washington, in a real sense. certainly a rival to the president and had enormous influence on capitol hill. >> and he was at the height of his power. >> he was at the height of hi
donated 1,500 acres of the air park to the clinton county port authority. [ticking] coming up, where the unemployable get jobs. >> we get people who are straight out of prison. we have people who are just coming out of substance abuse programs and need an opportunity to make a go of their lives. we have people who are returning to work from the welfare rolls. >> and rehab centers and probation officers know that you're a man to call. >> yes, absolutely. >> the remarkable story of the greyston bakery when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwid
bill clinton's years, 21 to 18% of gdp, we'd boom. reagan, 21 to 23% of gdp, we'd boom. we should not fear a smaller government, we should yearn -- yearn for a more prosperous private sector. >> are the markets telling us we shouldn't be afraid of this? the markets saying we should be afraid? >> i do no i can't discern the market, federal reserve policy, china out there. i'm here to tell you the numbers are -- >> can i editorialize a point? >> i wish you would. >> i'm concerned that the gop just simply doesn't get it. you just lost an election, you couldn't appeal to women, blacks, hispanics, gays, a poll in "usa today" that subjects just 22% of americans, a record low, identifies being republican. >> right. right. >> not about the economic theory, larry, not about our mutual fiscal conservatism, it is about the hearts and minds and owe? what is succeeding going around the country doing what he's doing. >> look, i'm not here to speak for the gop. >> but the -- >> i sometimes advise them. i sometimes advise them. the country wants lower spending and deficits and debt. on this point
was at hillary clinton's house, you saw just last month. no, i wasn't there. i thought it was a story about power and the return to power, and in a city where people drop people at a whiff of trouble -- >> the mayor never dropped him. >> i think many of his friends never dropped him. i thought it was an interesting sort of look at both steve and new york. >> what he was accused of, what we're talking about here, i'm shocked. that louis renault at its best, isn't it? like that was never done before? >> it was done, by the way, not just done for his case, but carlisle and about nine other -- >> don't show langone. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. we all work remotely so this is a big deal, our first full team gathering! i wante
learned in the 1990s when bill clinton was president nothing shrinking the deficit faster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs, equipping our people with the skills required to fill those jobs, making sure their hard work leads to a decent living. those are the things we should be pushing our sefs to think about and work on every single day. that's what the american people expect. that's what i'm going to work on every single day to help deliver. so i need everybody who is watching today to understand you got a few days, congress can do the right thing, we can avert just one more washington manufactured problem that slows our recovery and bring down our deficits in a balanced, responsible way. that's my goal, that's what would do right by these first responders, that's what would do right byamerica's middle class. that's what i'm going to be working on and fighting for, not just over the next few weeks but over the next few years. thanks very much, everybody. thank you guys for your service. >
Search Results 0 to 15 of about 16 (some duplicates have been removed)